🔥 Ethereum’s Free Fall in a Rising Channel 🔥
$ETH continues its decline — down 0.50% today, extending Monday’s 3.56% drop. The downtrend is now testing a rising channel support formed by the June 22 & Aug 3 lows, aligning near the key $4,000 psychological level.
📉 Bearish Signals:
MACD just crossed below its signal line → sell signal ⚠️
RSI at 68 slipping from overbought → loss of buying strength
🔼 For bulls, ETH must reclaim $4,472 (Monday’s open) to flip the trend back upward.
#Ethereum #ETH #Binance #CryptoTrading #Altcoins